Mortgage Bankers Association - Articles

Mortgage Applications Rise as Rates Fall

Brian Chan/Alamy By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages rose last week as interest rates declined, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase... Continue Reading »

Mortgage Applications Fall as Refinancing Drops

Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages fell last week as refinancing slipped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 1.6... Continue Reading »

Mortgage Applications Fall in Latest Week

Alamy By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages fell last week on lower refinancing demand, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand,... Continue Reading »

Mortgage Applications Fall as Interest Rates Pick Up

Ron Antonelli/Bloomberg via Getty Images By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages fell last week as interest rates rose to the highest level since January, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application... Continue Reading »

Mortgage Applications Slip in Latest Week

Daniel Acker/Bloomberg via Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages fell in the latest week as interest rates edged higher, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both... Continue Reading »

U.S. Mortgage Applications Rise in Latest Week

Alamy By Caroline Valetkevitch Applications for U.S. home mortgages rose last week as interest rates slipped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 9.4 percent... Continue Reading »

Mortgage Applications Tumble to Lowest Level in 2 Decades

Alamy By Diana Olick Mortgage applications to buy a home fell last week to the lowest level in nearly two decades, according to a weekly survey from the Mortgage Bankers Association. The report is a clear sign of weakness in buyer demand heading into the usually busy spring housing season. "Purchase applications were... Continue Reading »

Mortgage Applications Near Flat in Latest Week

Daniel Acker/Bloomberg via Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages edged slightly lower in the latest week, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and... Continue Reading »

More Americans Apply for Home Mortgages

Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages rose in the latest week, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 4.7 percent to... Continue Reading »

Mortgage Applications Jump on Lower Rates

Nam Y. Huh/AP By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages jumped in the latest week, extending a recovery from a 13-year low at the end of December, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes... Continue Reading »

Mortgage Applications Edge Up in Latest Week

Chuck Burton/AP By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages edged higher in the latest week, rebounding from a 13-year low set at the end of last year, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which... Continue Reading »

Mortgage Applications Fall in Latest Week

Getty Images By Ryan Vlastelica NEW YORK -- Applications for U.S. home loans fell in the latest week, reversing the previous week's gain, data from an industry group showed Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and... Continue Reading »

Mortgage Applications Near Flat as Purchase Demand Falls

Patrick T. Fallon/Bloomberg via Getty Images Applications for U.S. home loans rose slightly in the latest week as increased refinancing activity offset a decline in demand for purchase loans as the U.S. government shutdown weighed, data from an industry group showed Wednesday. The Mortgage Bankers Association said its... Continue Reading »

Mortgage Applications Slip Even as Rates Fall

Patrick Fallon/Bloomberg via Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home loans fell slightly in the latest week, as a drop in demand for purchase loans outweighed an increase in refinancing demand, data from an industry group showed Wednesday. The Mortgage Bankers Association said its seasonally... Continue Reading »

Mortgage Applications Gain as Rates Slip

Andrew Harrer/Bloomberg via Getty Images Applications for U.S. home loans rose in the most recent week as interest rates fell for a second straight week, data from an industry group showed Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both... Continue Reading »

Demand for Mortgages Falls as Rates Remain Unchanged

David Paul Morris/Bloomberg via Getty Images By Leah Schnurr Applications for U.S. home mortgages decreased last week with potential buyers shying away from the market as rates held steady just below their two-year highs. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application... Continue Reading »

Risky Adjustable-Rate Mortgages Are Starting to Make a Big Comeback

Getty Images The dramatic rise in interest rates that has occurred over the past two months has had a big impact on the mortgage-loan market. Rates on standard 30-year mortgages have gone from below 3.5 percent as recently as late April to well above 4.5 percent currently, according to Bankrate, significantly increasing... Continue Reading »

Home Mortgage Rates at Highest Level in a Year

Worries the Federal Reserve may begin to slow its stimulus efforts sent U.S. mortgage rates last week to their highest level in a year, drying up demand for home refinancings, data from an industry group showed on Wednesday. The Mortgage Bankers Association said interest rates on fixed 30-year mortgage rates surged 12... Continue Reading »

Mortgage Refinance Boom Still a 'Once-in-a-Lifetime Opportunity'

There isn't much written about the issue in the national media, where the focus is on gun violence and fiscal cliffs, but the U.S. is in the midst of a mortgage refinancing boom that should continue well into 2013. According to the Washington, D.C.-based Mortgage Bankers Association's weekly applications survey,... Continue Reading »

Mortgage Applications Jump as Low Rates Spur Refinancing Demand

Applications for U.S. home mortgages surged last week as demand for refinancing rose to the highest level in more than three years, driven by a drop in interest rates to yet another record low, data from an industry group showed on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage... Continue Reading »

For 2nd Straight Month, More Homes Face Risk of Foreclosure

By Alex Veiga LOS ANGELES -- Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties onto the market by early next year, potentially weighing further on home values. June provided the latest evidence of this trend, as the number of U.S. homes... Continue Reading »

30-Year Mortgage Rate Falls to 9th Record Low in a Year

WASHINGTON -- The average rate on the 30-year-fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. But even with the cheapest rates in history, the housing market remains depressed. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.87... Continue Reading »

Mortgage Lender Dispute? Try Consumer Bureau's New Hotline

Now when you want to complain about your mortgage, the federal government is there to listen. Without much publicity, the Consumer Financial Protection Bureau has just launched a hotline to help resolve disputes that borrowers have with lenders. In a recent column that tipped us to the service, Kenneth R. Harney reports... Continue Reading »

Refis Soar on Falling Rates

Mortgage applications increased 10.3 percent this past week as more homeowners refinanced existing mortgages or took advantage of lower interest rates to buy homes. The Mortgage Bankers Association said its market composite index -- a measure of loan application volume -- increased 10.3 percent on a seasonally adjusted... Continue Reading »

Mortgage Applications Down Despite Rock-Bottom Rates

Despite record low mortgage rates, mortgage applications fell 4.9 percent for the week ending Sept. 2, according to an industry trade group. The Mortgage Bankers Association said Wednesday that its market composite index -- a measure of mortgage loan application volume -- fell 4.9 percent on a seasonally adjusted basis... Continue Reading »

Home Buyers Wake Up to Low Mortgage Rates

Are home buyers starting to make their move? The latest data certainly suggests something along those lines: Mortgage applications rose 5.3 percent last week, according to the Mortgage Bankers Association. While much of that increase likely was due to an increase in FHA government-backed loans before insurance rates rise,... Continue Reading »

Mortgage Applications Slump into Spring

The spring real estate market has sprung, and so far the news is not good. Home buyers and refinancers applied for 2.0 percent fewer mortgages for the week ending April 1 compared to one week earlier, according to mortgage application market composite index released by the Mortgage Bankers Association. While in recent... Continue Reading »

Home Sales Lukewarm, As Mortgage Applications Decline

Not so fast, home sellers. The rush to buy a house is a nonstarter so far this spring. As evidence, the latest mortgage application figures show a 0.7 percent drop in volume last week, according to the Mortgage Bankers Association. Despite a fall in 30-year fixed-rate interest rates to 4.79 percent from 4.93 percent, the... Continue Reading »

Mortgage Applications Rise, Hinting at Housing Recovery

A bit of good news arrived with the latest mortgage applications survey. The Mortgage Composite Index, which includes applications for new purchases and refinances, rose 17.2 percent for the week ending March 4, according to the Mortgage Bankers Association. The increase was the biggest since last May and the largest of... Continue Reading »

Mortgage Applications Sag as Interest Rates Surge

The days of ultra-cheap loan rates may be on the wane as the decline in mortgage applications this week clearly underlines. The mortgage application index, as compiled by the Mortgage Bankers Association, fell 5.5 percent for the week ending Feb. 4. Meanwhile, the average 30-year fixed-rate interest rate surged to a... Continue Reading »

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